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Dec 23, 2012
12/12
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the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think they're going to come back after christmas. i think that we will see them back in early january to make a compromise. i think that comp promise is gog be in between where the president is and where the speaker is. >> you say ve go off the fiscal cliff then? >> yes, do. >> do you think we will see the economy hit recession? that was the expectation, right? >> no. that is the expectation but i don't think so. i think there's been a lot of drama, especially on the tax increase side. the tax increase side is do symbolic. at the end of the day it's not going to have any impact on the deficit o
the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal...
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Nov 9, 2012
11/12
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WJLA
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the fiscal cliff could cause the economy to shrink and destroyed hundreds of thousands of jobs. the question is, can the lame- duck congress prevent that from happening? the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an end to tax breaks for business. democrats will not raise taxes on -- >> i have a spouse who is underemployed. i have one that will be graduating in may. it is people who are trying to find jobs i would be more concerned about. >> not to mention the new debt ceiling deal is said to cut hundreds of government programs including the defense budget and medicare. >> we need to try to get some stuff done. >> the gross domestic product would grow by 2% n
the fiscal cliff could cause the economy to shrink and destroyed hundreds of thousands of jobs. the question is, can the lame- duck congress prevent that from happening? the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >>...
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60
Nov 20, 2012
11/12
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FBC
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gerri: what happens if we go over the fiscal cliff? what happens to the economy? >> we have gotten some good news out of housing. we go over the fiscal cliff, that will kill home sales. we will have a return of home price deflation. not only home price deflation, but consumers will also suffer from sharply lower share prices, stock prices, 401(k) plans. coming up in a serious downside to unemployment, could be bad for your health. and waiting until after thanksgiving to talk again. sitting on their teachers at home. the latest next when i'm joined by former cbo director douglas deacon. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. gerri: with all the talk of the looming fiscal cliff, you would think congress would be hard at w
gerri: what happens if we go over the fiscal cliff? what happens to the economy? >> we have gotten some good news out of housing. we go over the fiscal cliff, that will kill home sales. we will have a return of home price deflation. not only home price deflation, but consumers will also suffer from sharply lower share prices, stock prices, 401(k) plans. coming up in a serious downside to unemployment, could be bad for your health. and waiting until after thanksgiving to talk again....
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Nov 27, 2012
11/12
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FBC
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>> well, what he said is if we gover the fiscal cliff, the economy will drop into a recession and the fed does not have the ability to stop that. now the question is, what if we do not hold the fiscal cliff but some of the other things that are being talked about, like the president's plan, what would happen then? the president's plan to raise taxes on high income individuals, cutting deductions for high income individuals, raising the corporate tax ate read a long list of that sort. eliminating the payroll tax holiday. that would take about 2% out of the gdnext year. we are struggling to reach 2%. as wwould basically be on the edge of an economic downturn we are sure to go into a recession if we go over the cliff and don't turn it around quickly. but even if we don't, if we have something like the obama plan, we could easily slide into recession. it is not nearly as much is going over the fiscal cliff, but it basically would offset the very weak growth, less than 2% growth that we are having right now. >> you agree with the estimate of gdp growth for 2013? again, ben bernanke, they a
>> well, what he said is if we gover the fiscal cliff, the economy will drop into a recession and the fed does not have the ability to stop that. now the question is, what if we do not hold the fiscal cliff but some of the other things that are being talked about, like the president's plan, what would happen then? the president's plan to raise taxes on high income individuals, cutting deductions for high income individuals, raising the corporate tax ate read a long list of that sort....
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Nov 8, 2012
11/12
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WJLA
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economy back into recession. >> it is incumbent the parties work together to avoid the fiscal cliff and lay a plan for growth. >> we can avert the cliff that serves as a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> analysts believe thousands of jobs could be lost if the massive spending cuts and tax increase do take effect. >> if you go to the capital, you will see they are already building the inaugural platform and stage where the president will be sworn in for a second time. we are told some hotels are already getting calls about rooms. >> find out what hotels have availability. is important with what things are happening in the city they can take advantage of it. >> that will run from 4:00 until 2:00 a.m. on election day. the ge real way it success does not plan to offer service since it falls on the martin luther king jr. holiday. >> many of you might have stayed up late tuesday night to learn the results of the election. >> a lot of people hurting yesterday. >> who is the president? obama. >> obama. >> he is from fort washington. we are told this
economy back into recession. >> it is incumbent the parties work together to avoid the fiscal cliff and lay a plan for growth. >> we can avert the cliff that serves as a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> analysts believe thousands of jobs could be lost if the massive spending cuts and tax increase do take effect. >> if you go to the capital, you will see they are already building the inaugural platform and stage where the...
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Nov 21, 2012
11/12
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CNBC
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to find out where they stand on the fiscal cliff and the economy. here's what they told her. >> everyone is concerned all around the world. i think it's going to take -- and i'm not an economist, but listening to what everyone says, people i have great respect for -- it's going to take time and so much depends on what happens in europe and in asia and it's not just what happens in the u.s. but i still think that shouldn't discourage people from wanting to succeed and i think they have to be confident that you can do well even in tough times. >> i think we're always a bit scared about where the economy is globally and i think i'm not different from that. we just hope that it gets back on the right track and hopefully that's where it's going. >> i think it really causes the entrepreneurial spirit to thrive because people are no longer looking at the old mechanisms and the old ways that people are worried about wall street so they're not looking at wall street as a road. when they're thinking about finance, they're thinking about it in other ways. when
to find out where they stand on the fiscal cliff and the economy. here's what they told her. >> everyone is concerned all around the world. i think it's going to take -- and i'm not an economist, but listening to what everyone says, people i have great respect for -- it's going to take time and so much depends on what happens in europe and in asia and it's not just what happens in the u.s. but i still think that shouldn't discourage people from wanting to succeed and i think they have to...
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Sep 27, 2012
09/12
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FBC
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holiday shopping around the corner, but so is the looming fiscal cliff. already, a down economy. chairman of the retail group, thank you so much for being here. are consumers feeling confident right now? we have an election out there, we have the fiscal cliff. jobs are still an issue. the economy is still an issue. all of this considered, is the consumer still ready? >> they are on a short-term basis. they still have a job and they feel that their own little world is protected. they are only thinking the short-term. it is not lavish. it is making the right deal. has this really curb the extent of the spending? >> they are spending money on certain items. they are trying to entertain themselves. halloween is coming up. the average sale is $89 or $100. they put on a costume and have a night of fun. but that is not like investing in a new home or going out. like buying a new car. car sales are up, but very, very cautiously. i think the consumer is looking forward to a holiday. i think we're going to have a good holiday. not a great holiday, but a good holiday. the new trend is for y
holiday shopping around the corner, but so is the looming fiscal cliff. already, a down economy. chairman of the retail group, thank you so much for being here. are consumers feeling confident right now? we have an election out there, we have the fiscal cliff. jobs are still an issue. the economy is still an issue. all of this considered, is the consumer still ready? >> they are on a short-term basis. they still have a job and they feel that their own little world is protected. they are...
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Oct 27, 2012
10/12
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FBC
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cliff that you mentioned his a significant impediment to the economy. if we see very large increases in taxes, and by the way, never liked the work fiscal cliff because it tends to but still lower spending with higher taxes. most of the problem is on the tax side, not thespending side. if we don't get that fixed we're going to have the very significant drag on this economy , sufficiently significant that we cold go into a recession. gerri: the national association of manufacturers out with a study showing that if everything does stay in place we will get unemployment at 12%, lose 6 million jobs. the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertainty. it is the concern th
cliff that you mentioned his a significant impediment to the economy. if we see very large increases in taxes, and by the way, never liked the work fiscal cliff because it tends to but still lower spending with higher taxes. most of the problem is on the tax side, not thespending side. if we don't get that fixed we're going to have the very significant drag on this economy , sufficiently significant that we cold go into a recession. gerri: the national association of manufacturers out with a...
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Nov 5, 2012
11/12
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WETA
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the fiscal cliff threatens the economy,-s over stock investors but what about bond investors? >> bond investors have to watch out for the fiscal cliff as well. a lot of analysts are not a souming that will completely go over it but they're really uncertain and saying you know there is a lot of repercussions that people with fixed income can v especially in municipal bonds. but i'm sure we'll get to that. >> tom: absolutely, normally uncertainty would help out the bond market. this year the bonds have done very well. there is no doubt about it but they have pealed in comparison to stocks, up double digits. government bond mutual funds up 3%. corporate invest graded a rated bond funds up 7%, general municipal bond funds up 9% all according to lipper. so they've underperformed the stock market despite all this uncertainty. >> yeah, they have. and you know, they continue to go up. you know, you have some quantitative easing going on. and so people have jumped into corporate bonds. you know, the municipal bonds have continued to be attractive. they're tax exempt. you know, so far,
the fiscal cliff threatens the economy,-s over stock investors but what about bond investors? >> bond investors have to watch out for the fiscal cliff as well. a lot of analysts are not a souming that will completely go over it but they're really uncertain and saying you know there is a lot of repercussions that people with fixed income can v especially in municipal bonds. but i'm sure we'll get to that. >> tom: absolutely, normally uncertainty would help out the bond market. this...
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Nov 20, 2012
11/12
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CNBC
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the economy from the full effects of the fiscal cliff. he's saying it poses a substantial threat to the recovery. quote saying it will likely cause a recession if it hits in full force. the budget situation by affecting private sending the already hurting the economy according to the fed chairman. he's urging also, not just solving the fiscal cliff problem, but raising the debt ceiling, saying a catastrophic default of the nation's debt obligations. credible fiscal policy is urgently needed to ensure long-term growth. doesn't want immediate restraint in fiscal spending. on the economy, says it continues to recover though the pace of the recovery is slow. job growth he says is recovering, but again, it is slow. some good things so say about housing, saying it has recovered, but he's also saying there are head winds from housing. europe and the financial sector. now, i want to get to one thing he talks about, which is interesting. he's suggesting that the financial crisis may have reduced at least temporarily, the potential of the economy.
the economy from the full effects of the fiscal cliff. he's saying it poses a substantial threat to the recovery. quote saying it will likely cause a recession if it hits in full force. the budget situation by affecting private sending the already hurting the economy according to the fed chairman. he's urging also, not just solving the fiscal cliff problem, but raising the debt ceiling, saying a catastrophic default of the nation's debt obligations. credible fiscal policy is urgently needed to...
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Dec 28, 2012
12/12
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FBC
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make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the moment the politicians place their reelection and their career ahead of their party in the country, we want to reverse, we want the country to come first and that is the only way they can do it. the tea party has been very effective in targeting tax you see being argued now in congress and the house. with the republican party, the wrong target. the tea party in my view should be targeting single term limits for all politicians. dennis: even if selfless members of congress voted for a single term limits don't you worry that they wouud be a bunch of amateurs and only basically getting their ea legs by the end of
make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the...
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Nov 29, 2012
11/12
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MSNBCW
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and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are nolts the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank and it was direct. i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday our leadership t
and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on...
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Dec 31, 2012
12/12
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WBAL
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investors are concerned that going over the fiscal cliff would hurt the economy. a big drop for stocks on friday. your taxes may go up in 2013. top leaders back to a short-term extension of a farm law that would keep prices from rising. at least 24 colleges have frozen tuition and then leased eight have cut tuition including scene haeton hall. i'm jane king with the bloomberg business report. >> we know the ravens are in the playoffs and now we know who they will be playing. >> don't forget to e-mail us your response to our water cooler question of the day. what are you looking forward to in 2013? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> 18 to 1 are the odds the ravens were given to win the super bowl. >> there are two constance with the ravens, joe flacco and the health.ltam >> we have a couple people out on defense. >> they can get to the super bowl if they can keep everyone. we have everyone that we need. >> we want to hear your take on the ravens' postseason playoffs. >> 5:26. fiscal
investors are concerned that going over the fiscal cliff would hurt the economy. a big drop for stocks on friday. your taxes may go up in 2013. top leaders back to a short-term extension of a farm law that would keep prices from rising. at least 24 colleges have frozen tuition and then leased eight have cut tuition including scene haeton hall. i'm jane king with the bloomberg business report. >> we know the ravens are in the playoffs and now we know who they will be playing. >>...
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Nov 29, 2012
11/12
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KGO
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>> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on $2000 tax increase going into affect next year for the average family of four. >> what is that again? my two? k. tweet use, my 2 k or e mail. post it on member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> they may not agree on details but house speaker john boehner and house minority leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house
>> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on...
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Nov 1, 2012
11/12
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KRCB
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tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some management news that looks like a succession plan. mark fields was tapped to be chief oper
tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain....
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May 23, 2012
05/12
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MSNBCW
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economy could fall off a fiscal cliff early next year. allowing the bush-era tax cuts to expire, combine with automatic spending cuts to take effect january 1st could throw the economy into a recession. with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recessi recession. but the report argues if congress and the president team up to stop the automatic cuts and tax increases, growth would rise to 4.4%. >>> four secret service employees have decided to fight their dismissals over the recent prostitution scandal in colombia. this morning's "washington post" reports the employees ousted from the agency for engaging in inappropriate conduct with prostitutes at a hotel last month ahead of a presidential visit say they are being made scapegoats for behavior the service has long tolerated. the timing of the charge could not be worse for secret service director mark sullivan. he is scheduled to testify later today before a senate committee. >>> now here's your first look at some of the other news goi
economy could fall off a fiscal cliff early next year. allowing the bush-era tax cuts to expire, combine with automatic spending cuts to take effect january 1st could throw the economy into a recession. with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recessi recession. but the report argues if congress and the president team up to stop the automatic cuts and tax increases, growth would rise to 4.4%. >>> four secret service employees...
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Nov 14, 2012
11/12
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CNBC
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the economy is still in a shaky period and we need this fiscal cliff. we need policymakers to come to an agreement. from president obama's speech, we really weren't given a lot of guidance. there is still a lot of uncertainty out there and there's nothing that's been said that looks like they've really come to any meaningful agreement. >> erin, when bob pisani did his report immediately after the president's news conference, he pointed out that the markets went to the lows of the session at certain points where he was talking about really being emphatic on raising tacks on the wealthy. is that just conspiracy theory or do you think that makes sense that the markets would go to the lows of the session on that? >> i think that may be more of a coincidence. i think right now the biggest thing is just uncertainty. the only thing he talked about was the tax rates on the wealthiest. he still didn't address specifically capital gains or the dividend rates. other than the 2%, the wealthiest americans, they all know their tax rates are going up but the rest of a
the economy is still in a shaky period and we need this fiscal cliff. we need policymakers to come to an agreement. from president obama's speech, we really weren't given a lot of guidance. there is still a lot of uncertainty out there and there's nothing that's been said that looks like they've really come to any meaningful agreement. >> erin, when bob pisani did his report immediately after the president's news conference, he pointed out that the markets went to the lows of the session...
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Nov 9, 2012
11/12
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WUSA
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economists say if they don't find one, the fiscal cliff could throw the economy back into a recession. the congressional budget ofce says that those spending cuts and tax increases, if they do take effect, the unemployment rate will rise to 9.1%. that is an area that is already rattling markets worldwide. >> i think wall street is just generally less optimistic that we will get a real good resolution to this real looming problem of the fiscal cliff. >> reporter: congress returns to washington next week. but it is likely lawmakers will push closing a deal right up to the deadline. tara mergener, for cbs news, the white house. >>> now, the president is set to speak at 1:00. we will be streaming it live on our web site. wusatv9.com. >>> former democratic national committee chair terry mcauliffe is running for political office and sent an e-mail announcing he will run for governor of virginia. he tried for governor last year but lost in the democratic provide mare. since the current governor republican bob mcdonald cannot run again, they are seeking the republican nomination. >>> this ele
economists say if they don't find one, the fiscal cliff could throw the economy back into a recession. the congressional budget ofce says that those spending cuts and tax increases, if they do take effect, the unemployment rate will rise to 9.1%. that is an area that is already rattling markets worldwide. >> i think wall street is just generally less optimistic that we will get a real good resolution to this real looming problem of the fiscal cliff. >> reporter: congress returns to...
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Nov 26, 2012
11/12
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MSNBCW
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and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social securit
and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with...
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Nov 9, 2012
11/12
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FOXNEWS
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is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets a bit, shep. >> shepard: ed on a matter when presidents reach a second term we have a big turnover in cabinet positions that looks like that's coming here. >> we are expecting several of the big jobs, including secretary of state will turn over. hillary clinton said above the election that she was not going to stick around for a second term. she wants to get out, recharge her batteries. some the names being ban teed
is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that...
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Dec 24, 2012
12/12
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CNBC
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. >> so does all the drama over the fiscal cliff and uncertainty about the economy weigh on consumers? how are you expecting the season to play out? >> well, i don't have any doubt that it does weigh on consumers, it's in the news constantly, people are worried about it, but having said that, we're talking about christmas here. this is no minor holiday. so christmas is going to come on tuesday. it is christmas day. and consumers have to get shopping. and the last thing that parents want to cut back on is the toy is the holiday present for their child for christmas. >> true. so i want to go through the toys you brought. what are you expecting in terms of this christmas holiday shopping season? anything we should look at as far as the real gauges? >> well, you know, it's all going to come down to the last weekend, to the last few days. >> even christmas eve. >> even christmas eve. and toys"r"us, just to make sure, we are open 24 hours all the way through until 10:00 p.m. christmas eve night. so there's still plenty of time, if you haven't bought the toy, get out there now, get off the c
. >> so does all the drama over the fiscal cliff and uncertainty about the economy weigh on consumers? how are you expecting the season to play out? >> well, i don't have any doubt that it does weigh on consumers, it's in the news constantly, people are worried about it, but having said that, we're talking about christmas here. this is no minor holiday. so christmas is going to come on tuesday. it is christmas day. and consumers have to get shopping. and the last thing that parents...
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Dec 30, 2012
12/12
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WRC
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, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the senate, the congress would be able to come together, republicans and democrats to layout a more strategic vision for the future. and we need to simplify the tax code and make it fairer. we need to make sure that government spending is brought under control, and not in a corrosive way or an abusive way, but in a way that makes sense we we can demonstrate so we are serious about controlling our deficit. we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and
, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the...
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Nov 10, 2012
11/12
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. >> that also has consequence as everyone knows with the looming so-called fiscal cliff discussion, if you cut spending too much you drive the economy into an abyss. we would all like to say we simply cut spending and live within our means but it is not as simple as that. you can also cut spending too much so you actually hurt the economy that you're supposed to help. >> i agree with what you're saying and this is way too civil. so i have to try to derail it somehow. or else it is no fun, right? what is the point of doing it. >> bring it, melissa, bring it on. melissa: we do, that's true. there have been many times in the past when we lowered marginal rates and increased revenue. if i were to concede it is a revenue problem which i'm not going to but for the sake of argument, under president kennedy for example we reduced top rate from 90% to 70%. >> right. melissa: in that time revenue into the treasury went up from 94 billion to 153 billion by lowering the marginal rate right there. there is your guy. look at him. >> you know we can look at that but remember, that was in 1960s. th
. >> that also has consequence as everyone knows with the looming so-called fiscal cliff discussion, if you cut spending too much you drive the economy into an abyss. we would all like to say we simply cut spending and live within our means but it is not as simple as that. you can also cut spending too much so you actually hurt the economy that you're supposed to help. >> i agree with what you're saying and this is way too civil. so i have to try to derail it somehow. or else it is...
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Jun 6, 2012
06/12
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we have a fire to put out now as peter said, europe, economy, fiscal cliff, et cetera. >> i don't think tax hikes are good for an economy that's just chugging along. but i think the fiscal cliff is much more than just waving a wand and having the current tax code remain even if it's only for part of the public. i think the real issue is i think the public is getting sick of the uncertainty of what the tax code will be or how it will be changed in october for december 31st. so with an election in november, i think no matter what happens with this fiscal cliff, i think people are going to look to the new elected officials to put some order in it. i think it's going to be a bumpy road no matter how they handle the end of the year. >> how bumpy? >> i think pretty bumpy. and i think the equity markets of course with tax implications, i think new investment that creates jobs, i think if you say in september, october, november, we're going to keep tax policy in place, i don't know that it helps those things. i think at this point these -- this tax structure's like a tax credit and has a very t
we have a fire to put out now as peter said, europe, economy, fiscal cliff, et cetera. >> i don't think tax hikes are good for an economy that's just chugging along. but i think the fiscal cliff is much more than just waving a wand and having the current tax code remain even if it's only for part of the public. i think the real issue is i think the public is getting sick of the uncertainty of what the tax code will be or how it will be changed in october for december 31st. so with an...
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Dec 16, 2012
12/12
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economy plunge over the fiscal cliff. the looming $600 billion in tax rate hikes and government spending cuts that will hit in january 2013, days away, that we just discussed, that mr. bernanke says is already showing its negative effect. question, is the fed's new policy an enlightened departure from tradition or a dangerous departure from tradition? pat buchanan. by the way, i'm having second thoughts about the name of that journalist that i mentioned to you earlier. >> it was carl rowan, and he shot some kid in his pool in d.c. but, yeah, this is extremely risky. >> now can you answer my question. >> i think artificiallily, it will lead to inflation and we are going to see higher interest rates. >> i think bernanke sees the light here. he is putting the emphasis on jobs and tie black the fed does to getting unemployment. >> hold on. >> very smart. >> it's been the savior of this economy to date because without that loose monetary policy, we would be in a terribly deeper recession. so he is the only person that is able
economy plunge over the fiscal cliff. the looming $600 billion in tax rate hikes and government spending cuts that will hit in january 2013, days away, that we just discussed, that mr. bernanke says is already showing its negative effect. question, is the fed's new policy an enlightened departure from tradition or a dangerous departure from tradition? pat buchanan. by the way, i'm having second thoughts about the name of that journalist that i mentioned to you earlier. >> it was carl...
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Oct 26, 2012
10/12
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we'll tell you why. >>> we may be stuck with fewer jobs if the fiscal cliff is not fixed. a new report has some startling figures on how many jobs may have already been lost. >>> plus, the very latest on the mega storm, sandy, and a new website that is going right after the real estate business, mandy. >>> hello, everybody. happy friday. a better than expected gdp report helping to lift market sentiment out of an early funk. but nonetheless, both the dow and the s&p 500 are headed for their fourth weekly loss out of six. and both are also appearing to be headed for their first losing month since may with three trading days left in october to make up deficits of 2% or more. >>> the nasdaq is headed for a third straight weekly loss and carries an october loss of nearly 4.5%. brian? >>> mandy, thank you. a sign of hopium? perhaps. gdp coming in stronger than expected but there is always more to the headline number. let's find out what that is. steve leisman joining us now. one thing i am concerned about is the price index, being about 30% more than expected. is inflation a wo
we'll tell you why. >>> we may be stuck with fewer jobs if the fiscal cliff is not fixed. a new report has some startling figures on how many jobs may have already been lost. >>> plus, the very latest on the mega storm, sandy, and a new website that is going right after the real estate business, mandy. >>> hello, everybody. happy friday. a better than expected gdp report helping to lift market sentiment out of an early funk. but nonetheless, both the dow and the...
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Nov 11, 2012
11/12
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WTTG
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cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly app
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that...
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he's been highly critical over the handling of the fiscal cliff that threatens our economy. senator nunn, you have said, quote, both sides seem to have a political strategy, but their governing strategy is in doubt. those are your words. have you ever seen government so broken that lawmakers would rather take the economy to the brink? and i agree with those economists who say it probably won't happen, but why are we risking this? why are we risking these decision s on whether to employ someone because of something that might happen? >> the lame duck session can change things, but what i would like to see instead of just kicking the can down the road and kicking the cliff down the road with this same draconian solution if we don't reach an agreement, change the can before you kick it and that means something like simpson bowles would become the default position. so you give congress time so take its own course if they choose to, but failing that, you would have a soft landing rather than a disaster, which is what we face now unless changes are made. so i do believe -- i do th
he's been highly critical over the handling of the fiscal cliff that threatens our economy. senator nunn, you have said, quote, both sides seem to have a political strategy, but their governing strategy is in doubt. those are your words. have you ever seen government so broken that lawmakers would rather take the economy to the brink? and i agree with those economists who say it probably won't happen, but why are we risking this? why are we risking these decision s on whether to employ someone...
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cheryl: the impending fiscal cliff lose our economy on the brink. moody's analytic john lawnskate with his father. don't be so short is going to be averted. dennis: how the world's currencies are faring against the u.s. dollar. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizo it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. fewer than 20,000 new york city residents. a different story in new jersey with about 255,000 still without power, new york long island had over 200,000 outages. medical teams heading to the hard-hit area in new york city communities coney island and as far away as rockaway making sure folks are getting proper medical assistance. off
cheryl: the impending fiscal cliff lose our economy on the brink. moody's analytic john lawnskate with his father. don't be so short is going to be averted. dennis: how the world's currencies are faring against the u.s. dollar. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizo it's...
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and the fiscal cliff in the united states. it's feared the changes that could take place on december 31st will have a global impact. >>> the redskins lose in a very sloppy game, but it's what coach shanahan said after the game that has fans upset this morning. >>> it is now 4:41. time for weather and traffic on the ones. >> good morning. time for weather and traffic on the ones. at 4:41 it is cold. >>> all these areas in dark blue in the 30s and even 20s in many locations out in the mountains. right now reagan national is on the warmer waters of the potomac at 43. hometown forecast, waldorf should be in the mid-30s by 6:00 a.m. in charles county. a lot of clouds around. by the lunch hour, some sunshine breaking out there and spinto t mid-40s. hour by hour for the whole region, climbing into the upper 40s by near 50 tomorrow afternoon. winds a bit blustery out of the northwest, gusting to around 20 miles an hour during the afternoon. we'll clear out tonight and then a look at that pending coastal storm and what it may do to us.
and the fiscal cliff in the united states. it's feared the changes that could take place on december 31st will have a global impact. >>> the redskins lose in a very sloppy game, but it's what coach shanahan said after the game that has fans upset this morning. >>> it is now 4:41. time for weather and traffic on the ones. >> good morning. time for weather and traffic on the ones. at 4:41 it is cold. >>> all these areas in dark blue in the 30s and even 20s in many...
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Dec 28, 2012
12/12
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stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have agreed to exteed the current contract 30 days to finalize details of the agreement. peers and is acquiring a 5% stake in barnes and noble's no canadian unit worth $8 million. shares of the bookstore chain out today as much as 9% on that news. the media unit consists of the digital business and 674 college bookstores throughout the united states. sources tell reuters blackstone group will keep its money despite a federal insider-trading probe into that hedge fund. the asset management arm of blackstone has $550 million in debt. that is the latest from the f
stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have...